Highest Yield On Investments?
Nigel's father needs to invest his $90,000 retirement in good growth stock mutual funds if he plans to leave alone for 5 years.
QUESTION: Nigel says his father just received his retirement in a lump sum of $90,000. Where should he invest that to get the highest yield?
ANSWER: The best place to invest is in good growth stock mutual funds – growth, growth and income, aggressive growth, and international – if you’re going to leave your money alone for at least the next five years. He’s not going to make a ton of money off of that investment in one year though.